What investment options are available on Acorns?

Acorns offers a variety of investment options designed to cater to different financial goals and risk tolerances. The core feature of Acorns is its Round-Ups program, which allows users to invest spare change from everyday purchases into a diversified portfolio. The investment options primarily consist of exchange-traded funds, or ETFs, that are managed in a way that aligns with the user’s selected investment strategy. When users create an account, they answer a series of questions to assess their risk tolerance and investment goals. Based on the responses, Acorns recommends a portfolio that typically consists of a mix of equities and fixed-income investments. The portfolios are tailored for varying levels of risk, ranging from conservative to aggressive. This means that a conservative portfolio might have a higher percentage of fixed-income investments, while an aggressive portfolio will feature a larger share of equities. Additionally, Acorns offers a feature called Acorns Later, which allows users to invest for retirement through an individual retirement account. There are different types of IRAs available, including Traditional and Roth options, providing flexibility in how users save for their future. For those who are interested in socially responsible investing, Acorns has an option called socially responsible investment portfolios. These portfolios focus on companies that meet certain environmental, social, and governance criteria. Overall, Acorns provides users with a straightforward and automated approach to investing, making it accessible for individuals regardless of their level of investing experience. For more details on current investment options, it is always a good idea to check Acorns’ website.